ex-yank your right on my maths--it was a very very late night post without my calculator.
the real value is CQT cost to build their own procesing plant is around $130m.
NQM and HSK have a plant that looks like its 90km or so away from their resources,with spare capacity that they can buy for less.
They get the goldmine and production and current profitable operation for nix as a bonus.
probably suitable for immediately digging out their silver Knob and adding it to the processing ore as a quick cash boost
All about economics and getting production quicker.Its not having resources these days,or construction plant problems, or cost over-runs,but having a proven operating plant NOW to process resources while current prices prevail.
NQM Price at posting:
38.0¢ Sentiment: None Disclosure: Held